Item 5. Market for Registrant’s Common Equity
Item 5. Market for the Registrant's Common Equity and Related Stockholder Matters and Issuer Purchases
of Equity Securities
Price Range of Common Stock
The table below shows the range of high
and low prices for the Company's common stock on the NYSE American (symbol "ESP"), the principal market for trading in
the common stock, for each quarterly period for the last two fiscal years ended June 30:
2020
High
Low
First Quarter
$27.00
$23.25
Second Quarter
24.00
20.00
Third Quarter
22.90
16.62
Fourth Quarter
20.00
16.75
2019
High
Low
First Quarter
$32.55
$25.25
Second Quarter
30.12
23.80
Third Quarter
26.50
23.61
Fourth Quarter
25.67
23.50
Holders
The approximate number of holders of
record of the common stock was 65 on September 16, 2020 according to records of the Company's
transfer agent. Included in this number are shares held in "nominee" or "street" name and, therefore, the number
of beneficial owners of the common stock is believed to be substantially in excess of the foregoing number.
Dividends
The Company paid regular cash dividends
on common stock of $1.00 per share for the fiscal year ended June 30, 2020 and paid regular cash dividends on common stock of $1.00
per share and a special cash dividend of $1.00 per share for the fiscal year ended June 30, 2019. The Board of Directors has authorized
the payment of a fiscal year 2021 first quarter regular dividend of $0.25 payable October 14, 2020 to shareholders of record on
October 5, 2020. Our Board of Directors assesses the Company’s dividend policy periodically. There is no assurance that the
Board of Directors will maintain the amount of the regular cash dividend or declare a special dividend during any future years.
During fiscal year 2020, the Company
sold 3,600 shares of common stock to certain employees and directors as they exercised options granted under a shareholder approved
plan. The prices ranged from $19.20 a share to $25.18 a
share. The securities were sold for cash. Proceeds are used for general working capital purposes.
The Company did not make any open market
purchases of equity securities in the fiscal year 2020 fourth quarter.
The following table sets forth information
as of June 30, 2020 with respect to compensation plans under which equity securities of the Company may be issued.
Equity Compensation Plan Information
Number of securities to
Weighted-average
Number of Securities remaining
be issued upon exercise
exercise price of
available for future issuance under
of outstanding options,
outstanding options,
equity compensation plan (excluding
Plan Category
warrants and rights
warrants and rights
securities reflected in column (a))
(a)
(b)
(c)
Equity compensation
plans approved by
276,712
$ 24.30
253,348
security holders
Equity compensation
plans not approved
by security holders
—
Total
276,712
253,348
6
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.